https://padlet.com/garrettsouthworth/796y57iex7xfc8u6 BUSE 100 Final Project en-us 2023-05-27 05:21:53 UTC 2023-05-27 07:01:33 UTC hello@padlet.com garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673008 This module helped me to better understand the fundamentals of how businesses and the economy function together. I have more diverse knowledge of all the factors affecting how a business runs and and the ideal ways to react to fluctuating conditions. I also feel more well versed in concepts relating to monopolies and general free market competition.]]> 2023-05-27 05:25:32 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673008 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673096 https://www.youtube.com/watch?v=drWWKqn8PuQ

In this module I learned about the different aspects of ethics as they relate to a business, and how treatment to all levels from all levels can cause a business to run poorly or even fail. I'm now aware of the back and forth between each business and the wide-scale global economy on a fundamental level, and how that can be played into by a business to keep things going well.]]> 2023-05-27 05:25:55 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673096 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673148 This module went deeper into the global marketplace. Globalized trade could lead to lower costs, less poverty, and more widely available goods and services. A business must contribute in both directions I got the sense that absolute global trade is a theoretical ideal, but not feasible in our current or expected world due to political and material issues. I enjoyed learning about what a business must consider on a global level to keep ahead of competition. I liked the thought experiment of globalized trade as a key to world peace and complete prosperity.]]> 2023-05-27 05:26:13 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673148 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673207 I was very interested in this module concerning business ownership and management. I feel like I learned further fundamental ideas to build on throughout a business education. The differences and respective pros and cons to sole proprietorships, partnerships, and corporate ownership were very valuable to me in my current career point. I learned I would most prefer a sole proprietorship in the future, as the self management and self reliance attracts me.]]> 2023-05-27 05:26:31 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673207 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673271 A big takeaway for me from this module was the huge role small businesses have in the economy and how important they really are. The statistics in the beginning of the chapter surprised me, showing how many businesses are run by only one or two people. I found it beneficial to learn about the specific challenges a small business owner might face and how to deal with them. This module really got me thinking about how I would perform as a sole entrepreneur in my chosen field.]]> 2023-05-27 05:26:49 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673271 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673304 This chapter got me thinking about the roles of managers and how they can influence a business. I learned the responsibilities typically expected of someone in a managerial position, and different methods for tackling the related tasks. I learned about the importance of managers as strong and trustworthy leaders, as well as what type of people could be well suited to such roles. I have never had a managerial position in a large company or considered one day needing to employ a manager, so I found the breakdown very insightful. ]]> 2023-05-27 05:27:01 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673304 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673351 This unit showed how important human resources roles are in a company and how they should keep people feeling and performing well on a personal and impersonal level. It seems like the main goal across the board is to keep everything running efficiently. The department should be working hard to keep interpersonal employee issues under control and unfostered. The concept of HR functions to oversee the whole employment process, from interviewing to onboarding to evaluation and issue assessment. The entire process must be monitored to ensure each employee is meeting the demands of the company.]]> 2023-05-27 05:27:19 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673351 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673394 This unit taught me what must be considered from a corporate production aspect. The goal is always to produce as much as possible as cheaply as possible before the competition can. This must include things like well managed resources to streamline costs and production sites in the right place to meet or find demand or distribution.]]> 2023-05-27 05:27:33 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673394 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673441 This module granted more insight into concepts of good marketing and how to adapt marketing to harness demand. I evaluated ways a customer may be drawn to a business, whether through flashy or manipulative advertising, loyalty programs, or a sense of camaraderie. It’s just as important to be aware of the way a customer is drawn to a product, what comes into demand and why, and what is considered a fair price.]]> 2023-05-27 05:27:48 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673441 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673491 I learned the basics of the ins and outs of actually selling products on personal and larger scale levels. Promoting and advertising properly can be extremely valuable to bringing in demand for your products. Advertising products as the producer can be more personal and can be more welcoming to consumers. Fostering good relationships with every person in the process, from distributors to advertisers to customers, can ensure efficiency. ]]> 2023-05-27 05:28:06 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673491 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673533 This module introduced me to the accounting aspects of business, and how to keep the finances balanced. I found this unit very interesting, being interested in working with the financial aspects of businesses I've been able to in the past. I appreciated the bigger picture it provided me with and the systems it introduced me to in order to make sure everything is correct instead of my past methods of hoping I was right.]]> 2023-05-27 05:28:20 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673533 garrettsouthworth https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673571 This unit made me really consider what I’d learned throughout the course and how to apply it to my career goals as well as my interpersonal relationships. This class gave me more insight into social aspects of business than I expected.]]> 2023-05-27 05:28:32 UTC https://padlet.com/garrettsouthworth/796y57iex7xfc8u6/wish/2606673571